Whale Executes Swift Exit on $63M ETH Short Position
On January 8, on-chain analytics revealed that the high-activity trading address 'pension-usdt.eth' fully closed its leveraged ETH short within just one hour. The position, valued at approximately $63.5 million, was initially opened at an average price of $3,136 with a liquidation threshold at $4,547, utilizing 3x leverage.
Originally entered on January 4, the trade faced a temporary unrealized loss of nearly $3.4 million. However, as market momentum shifted, the address capitalized on the recovery, exiting cleanly once profitability was restored—demonstrating disciplined timing and risk management.
Proven Strategy: Low Leverage, High Frequency
This trader has built a consistent track record through short-hold, counter-trend trades in BTC and ETH markets. Preferring minimal leverage and rapid turnover—averaging around 23 hours per position—the approach prioritizes capital preservation while capturing volatile price swings. Since October, cumulative gains exceed $21 million.
Capital Migration to Yield-Bearing Protocols
Significantly, profits from trading activities are increasingly being redeployed into decentralized lending platforms like Aave. To date, the address has supplied approximately $26.71 million in assets, indicating a strategic shift toward passive income and reduced exposure to speculative markets.
- Position size: ~$63.5M
- Average hold time: ~23 hours
- Total profits since October: Over $21M
- Current Aave lending balance: ~$26.71M